XTX Topco Ltd Makes New Investment in Kohl’s Co. (NYSE:KSS)

XTX Topco Ltd purchased a new position in Kohl’s Co. (NYSE:KSS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 68,887 shares of the company’s stock, valued at approximately $1,584,000. XTX Topco Ltd owned about 0.06% of Kohl’s as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KSS. Edgestream Partners L.P. lifted its holdings in Kohl’s by 84.0% in the second quarter. Edgestream Partners L.P. now owns 89,024 shares of the company’s stock worth $2,047,000 after acquiring an additional 40,641 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kohl’s by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after purchasing an additional 52,126 shares during the period. American Century Companies Inc. lifted its holdings in shares of Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after purchasing an additional 643,913 shares during the last quarter. Choreo LLC acquired a new position in Kohl’s during the 2nd quarter valued at approximately $424,000. Finally, Foundry Partners LLC bought a new position in Kohl’s during the 2nd quarter worth $351,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI cut their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Robert W. Baird reduced their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and reduced their price objective for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.67.

Kohl’s Stock Down 1.9 %

KSS opened at $18.61 on Friday. The stock’s fifty day moving average is $20.15 and its 200-day moving average is $22.98. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.60. The company has a market capitalization of $2.07 billion, a PE ratio of 7.50, a P/E/G ratio of 1.32 and a beta of 1.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts predict that Kohl’s Co. will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.75%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio is presently 80.65%.

Kohl’s Profile

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.